Consolidated Water Co. (NASDAQ:CWCO) – Investment analysts at Roth Capital dropped their Q4 2016 earnings estimates for shares of Consolidated Water in a report released on Friday. Roth Capital analyst G. Sweeney now expects that the brokerage will earn $0.12 per share for the quarter, down from their prior forecast of $0.17. Roth Capital also issued estimates for Consolidated Water’s Q2 2017 earnings at $0.17 EPS, Q3 2017 earnings at $0.16 EPS and Q4 2017 earnings at $0.14 EPS.
Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.29. Consolidated Water had a net margin of 6.97% and a return on equity of 5.03%. The business earned $5.45 million during the quarter, compared to analyst estimates of $16.10 million.
Separately, Zacks Investment Research downgraded Consolidated Water from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th.
Shares of Consolidated Water (NASDAQ:CWCO) opened at 11.40 on Monday. The firm has a 50-day moving average price of $11.20 and a 200-day moving average price of $12.68. The firm has a market capitalization of $168.93 million, a PE ratio of 42.38 and a beta of 0.78. Consolidated Water has a 1-year low of $10.23 and a 1-year high of $14.69.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 3rd were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.63%. Consolidated Water’s payout ratio is 111.11%.
In other news, Director Richard Finlay acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average cost of $12.73 per share, for a total transaction of $127,300.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.18% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Martingale Asset Management L P purchased a new stake in Consolidated Water during the second quarter worth approximately $142,000. Rhumbline Advisers boosted its stake in shares of Consolidated Water by 0.6% in the third quarter. Rhumbline Advisers now owns 19,602 shares of the company’s stock worth $228,000 after buying an additional 110 shares during the period. Vanguard Group Inc. boosted its stake in shares of Consolidated Water by 4.1% in the second quarter. Vanguard Group Inc. now owns 24,370 shares of the company’s stock worth $318,000 after buying an additional 949 shares during the period. Globeflex Capital L P acquired a new stake in shares of Consolidated Water during the second quarter worth $334,000. Finally, California State Teachers Retirement System boosted its stake in shares of Consolidated Water by 0.3% in the third quarter. California State Teachers Retirement System now owns 30,793 shares of the company’s stock worth $358,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 47.74% of the company’s stock.
Consolidated Water Company Profile